Frank: CLR is one of the all-time great American success stories. How can you say their results "never arrive". 30% annual production growth for a company of this size is INCREDIBLE. What they said about SCOOP today was totally missed by the market. CLR is ramping up production in SCOOP today, it has "arrived". What CLR holds in the Williston Basis today is probably worth more than the entire market cap of the company and now they are saying that SCOOP could be just as big. Let's see what happens tomorrow after the actual Analyst Day.
I have been waiting on an entry point. Finally established a position here. SCOOP vastly underrated and new completion techniques are going to lift all bakken players as they work their way into the production numbers.
of results that should be exciting. Just look at the Reuters headline: increased costs, reduced production guidance. They badly need a competent IR specialist.
Spend way up, production? not so much
Their cash deficit will be north of $1.5 billion this year. Likely the same next. Where does the money come from? They won't be able to sell another $3 billion in debt to the suckers I mean investors. I smell a stock offering.
Are you guys finally getting the picture? At the current strip, CLR isn't going to generate cash above spending ever. CLR is worth pretty close to nothing. It's an option on higher oil prices. The guys that left saw the jig is up.
Sentiment: Strong Buy
2nd rat off the ship
Not a particularly good sign. Spike in volume on the latest sell off too.
Could things be less than rosy?. Nah, this is America's oil champion right?
not the best thing to happen for a company with very ambitious plans ..If il prices drop they may have to reverse back on their projection and earnings !
Sentiment: Strong Sell
RAINBOW PROJECT, WILLIAMS COUNTY, NORTH DAKOTA
Gladys 1-20H (SSN 23%)
The Gladys 1-20 H well has been drilled by Continental Resources to a total depth of 19,994 feet. The well is a 1,280 acre lateral (approximately 10,000 feet) in the middle member of the Bakken Formation.